AIP Management, an investor in diversified decarbonization infrastructure, has plans to acquire a 49.99 percent equity stake in Pine Forest, a colocated 300-megawatt AC solar photovoltaic and 200-megawatt/400-megawatt-hour battery energy storage system (BESS) project, from Clearway Energy Group. The total investment is approximately $200 million.
Pine Forest is strategically located in the ERCOT North market region in Texas. It offers access to a low-congestion, high-voltage transmission network and proximity to densely populated load centers in Dallas and Fort Worth. The project is currently under construction, and commencement of operations is scheduled for late fourth quarter 2025.
Clearway is one of the largest utility-scale renewable-energy and storage developers in the United States and will continue to provide long-term operations and maintenance oversight and asset management services. Clearway Energy, Inc. will retain a 50.01 percent equity stake in the projec
